LTC/USD lost its weekly gains, more downside in store. Th upside is capped by Wednesday’s high at $89.23. Litecoin is changing hands at $81.25. The coin has lost 2.4% since the beginning of the day, and it is down 4% on daily basis. Litecoin’s is the sixth largest coin with the market capitalization of $4.6B and with average trading volume at $289M. Overall bearish market sentiments and speculative positioning increase the downside pressure on the coin, despite wider adoption, touted by #PayWithLitecoin movement. Obviously, the price poll conducted by Litecoin’s founder Charlie Lee was correct as the majority of traders said that worst was not over. Litecoin technical picture Litecoin moved below 200-SMA (1-hour chat), which darkens the technical picture. Once $81.00 handle is cleared, the sell-off may be extended towards $80.00 and to $73.30 (the lowest level since June 29. On the upside, the recovery may be stopped by $84.70 (that’s where 100-SMA meets 50-SMA). If the coin manages to break it, $90.00 will come into focus. LTC/USD, the hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next China applied tariffs to same value of US goods at the same rate – Xinhua FX Street 3 years LTC/USD lost its weekly gains, more downside in store. Th upside is capped by Wednesday's high at $89.23. Litecoin is changing hands at $81.25. The coin has lost 2.4% since the beginning of the day, and it is down 4% on daily basis. Litecoin's is the sixth largest coin with the market capitalization of $4.6B and with average trading volume at $289M. Overall bearish market sentiments and speculative positioning increase the downside pressure on the coin, despite wider adoption, touted by #PayWithLitecoin movement. Obviously, the price poll conducted by Litecoin's founder Charlie Lee was correct as the majority of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
